A loan of $250 helped to purchase additional products to sell.

Audy's story

Audy S. is from the village of Calaran Calamba, Misamis Occidental. He is 51 years old. Audy is married and has 2 school-aged children. To make a living, Audy owns & operates a specialized retail store, selling drinks like soft drinks like coke and san miguel in the local community. Audy has been engaged in his business for over 5 years and earns approximately 7000 PHP a month for these activities.

In 2010, Audy joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. Audy has successfully repaid a previous loan of 10000 PHP from GDMPC. This previous loan was used to purchase additional inventory & working capital. Audy is requesting a new loan of 10000 PHP which will be used to purchase additional products to sell. This will be the second loan taken out by Audy from GDMPC. He plans to use the additional revenue generated from the business to supplement the family's income.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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